620 SE Everett Mall Wy, Everett, WA 98208
Attractive retail center located on the corner of Everett Mall Way and 7th Avenue SE which provide 40,550+ and 9,500+ VPD traffic counts respectively. The 3 retail buildings provide 52,057 NRSF with plentiful parking. The 232,610 SF site is zoned B (Business) a dense zoning allowing for up to 7 – 9 floors and includes mixed use (multifamily). The property was built in phases between 1985 and 1987 and is fully occupied. There is substantial rental upside on lease renewal by bringing rents to market and also charging triple nets. This center historically is quite stable with the most recent tenant moving in 5 years ago and the average tenant moving in 10 years ago. 7th Avenue Plaza provides lots of upside and very little downside.
Broker: Saint E. Newton IV (17547)
Office: Paragon Real Estate Advisors
Property Details
SOLD: $7,000,000
Address: 620 SE Everett Mall Wy
City: Everett
State: WA
Zip: 98208
MLS#: 1794703
Baths: n/a
Square Feet: n/a
Garage: n/a
Year Built: 1985
Status: Sold